Insurance experts say that the customer should compare policies online before buying any policy.
Car Insurance: The festive season is going on. It has record sales of cars. In such a situation, if you are also preparing to buy a new car, then by taking care of some things, you can save a good amount on car insurance. According to insurance experts, new car buyers can save a good amount if they buy insurance online instead of buying insurance from a car dealership. If you have a car worth Rs 10 lakh, you will easily save Rs 10,000. At the same time, this amount becomes bigger on expensive cars. At the same time, if you also want to renew the insurance, then the insurance options should be explored online. Along with this, customers can save a fair amount on premium by understanding their needs.
Compare Car Insurance Policies
Insurance experts say that the customer should compare policies online before buying any policy. If you compare insurance policies even after spending an hour, then you can save money. Yes, do not forget to check the features available in the insurance while buying the policy.
understand by example
For example, the dealer charges a premium of Rs 35,000 for insurance of a mid-size sedan with a 1.6 liter engine. However, when you search online, the same car will be insured for around Rs 26,000. If you insure an SUV with a 2.2 liter engine at a dealership, you will get it between Rs 60,000 to 70,000, while you can get the same insurance online for Rs 45,000.
Use No Claim Bonus wisely
Experts agree that when your vehicle is in an accident, you must take an estimate of the repair cost. If the amount to be paid by you is less than the amount claimed, then in that case you can waive the claim. If you miss making small claims, you will have to pay less premium at the time of renewal. For information, let us tell you that no claim bonus is the discount that is given to the person on the premium during the renewal of his motor insurance. This means that if the person taking the insurance does not make any insurance claim throughout the year, then the company gives him the benefit of no claim bonus in bonus.
